FG: Oil in the Delta region is drying up.
Hydrocarbon resources, otherwise known as oil and gas in the Niger Delta region, are drying up based on the recent discoveries, the Director, Department of Petroleum Resources, (DPR), Mr George Osahon has said.
Speaking yesterday at the Nigeria Oil and Gas Conference 2014, Abuja, Osahon said time is now for the country to intensify efforts to explore the hydrocarbon resources in other regions within inland basin and deep offshore.
He said: “For Niger Delta, the onshore part of it is matured, as its reserve is beginning to drop.
“Niger Delta is finally matured, may be the shallow waters and deep offshore water are still not matured, but maturation is a must. Decline in reserve is the major industry concern and of course, with the role of oil and gas in the national economy, everybody has worried about it.